TPG Prices IPO at $29.50 a Share

Private-equity firm TPG Inc. priced its initial public offering at $29.50 a share, people familiar with the matter said, in the first big test of the IPO market in the new year.

The pricing is at the midpoint of TPG’s projected range for the offering of $28 to $31 apiece. The stock will start trading Thursday on the Nasdaq Stock Market under the ticker TPG.

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